Pulmatrix, Inc. (PULM) Form 424B3 — Oct 26, 2026
Pulmatrix filed a prospectus registering the resale of up to 491,607 common shares issuable to RCM Eos PIPE HOLDINGS, LLC upon conversion of 1,000 Series B Convertible Preferred Shares (stated value $1,000 per share) at a $2.20 conversion price, plus up to 37,061 dividend shares accruing at 8% per annum. The registered shares represent roughly 13% of the 3,652,285 shares outstanding as of September 29, 2026, and Pulmatrix will receive no proceeds from any sales while bearing registration costs. A 9.99% beneficial ownership blocker limits the holder's ownership.
Key figures
- Offering Price
- 2.2
- Shares Offered
- 491607
- Dividend rate
- 8% per annum
- Dividend shares
- 37061
- Conversion price
- 2.2
- Conversion shares
- 454546
- Preferred stated value
- $1,000 per share
- Preferred shares issued
- 1000
- Last sale price 2026 10 23
- 1.48
- Beneficial ownership blocker
- 9.99%
- Shares outstanding 2026 09 29
- 3652285
- Dilution percent of outstanding
- approximately 13%
AI analysis
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